The electric scooter manufacturer Govecs is taking over the brand Elmoto from ID-Bike, further expanding their electric scooter model range. The company will begin releasing their next bike, the Elmoto HR4 at the start of next year.
Govecs will be taking over the operational business aspects as well as all employees from Elmoto. The location of ID-Bike in Stuttgart will be taken over and integrated into the Govecs network. The financial details behind the acquisition were not released.
ID-Bike is a manufacturer of light electric bicycles, which has sold more than 4,000 bikes since being founded in 2008. Thomas Grübel, ceo of Govecs stated: “We have already known the ELMOTO team for many years now. We will benefit from their many years’ experience and expertise, especially in research & development and in product design.”
Govecs is known for their Go! series and Schwalbe electric scooters. In the B2B market, the company was able to prepare for e-scooter sharing business early, and now does business with three of the four largest sharing services in Europe. Next to Cityscoot, Cooltra in Spain and emmy in Germany are part of Govecs’ list of customers, as well as multiple food delivery services. The company produces their scooters in the Polish Breslau, unlike most of their competitors, who are largely manufacturing in China.
The company also stated that many ride-sharing operators are ready to expand to further cities and regions, and Govecs delivered 2,750 new electric scooters to Cityscoot in France, who expanded their fleet to around 4,350 scooters with the purchase.
By taking over Elmoto, Govecs is also moving to be more dominant in the growing B2C market. CEO Thomas Grübel is convinced that the Elmoto team’s experience will prove invaluable for this, as well as research and design efforts.
Govec’s scooters are sold via their own platform HappyScooter. In future, the company plans to add more stores next to their flagship store in Berlin across Germany, as well as in several European metropolises.